Masdar, Kyrgyzstan Continue Talks On Expanding Renewable Energy Projects (Exclusive)

(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 7. The discussions between the Ministry of energy of Kyrgyzstan and Masdar on further renewables exploration are ongoing, Maryam Al Mazrouei, Head of Development and investment (CIS) at Masdar, told Trend .

"In Kyrgyzstan, we are very active in hydropower and are also working on solar projects. We have a program with them for 1 GW, starting with the first phase of a solar PV project. Discussions with the Kyrgyz Ministry of Energy are ongoing," she said.

Maryam Al Mazrouei reminded that, last year, Masdar signed an agreement with the Kyrgyz government alongside EDF for the development of hydropower in Kyrgyzstan. "Discussions with the government are ongoing. As you might know, developing hydropower takes longer than solar and wind projects. However, we are conducting the necessary studies, and hopefully, it will come to fruition. The timeline will depend on the progress of our discussions with the Kyrgyz government".

The company rep pointed out that, in general, Masdar is very active in Central Asia. "Particularly in Uzbekistan, where we have Masdar's largest portfolio in the region. Azerbaijan comes second, with projects amounting to 1.2 GW, including a 230 MW project. We are also active in Kazakhstan, where we have signed agreements for 1 GW and have started with 500 MW onshore. Additionally, we are developing a 100 MW solar project in Georgia".

Meanwhile, in December 2023, the Ministry of Energy of Kyrgyzstan, Masdar, and EDF signed a trilateral memorandum of understanding. This agreement includes plans to construct a solar power plant in the Issyk-Kul region. President Sadyr Zhaparov emphasized that Kyrgyzstan will provide all necessary support to ensure the successful implementation of the memorandum's terms.


Trend News Agency

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